PepsiCo, Inc. (NASDAQ:PEP) Receives Consensus Rating of “Buy” from Brokerages

Shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) have received an average rating of “Hold” from the sixteen analysts that are covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $176.56.

PEP has been the topic of a number of analyst reports. Barclays decreased their price target on PepsiCo from $186.00 to $180.00 and set an “overweight” rating on the stock in a research note on Monday, February 14th. DZ Bank cut PepsiCo from a “buy” rating to a “hold” rating and set a $180.00 price objective for the company. in a report on Tuesday, February 15th. Morgan Stanley lifted their price objective on PepsiCo from $172.00 to $188.00 and gave the stock an “overweight” rating in a report on Tuesday, February 8th. Credit Suisse Group lifted their price objective on PepsiCo from $163.00 to $168.00 in a report on Wednesday, April 27th. Finally, Wells Fargo & Company reduced their price objective on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a report on Wednesday, March 9th.

In related news, EVP David Flavell sold 5,150 shares of the company’s stock in a transaction on Monday, May 16th. The stock was sold at an average price of $175.11, for a total value of $901,816.50. Following the completion of the transaction, the executive vice president now directly owns 28,275 shares in the company, valued at $4,951,235.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Eugene Willemsen sold 4,560 shares of the business’s stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $175.61, for a total value of $800,781.60. Following the sale, the chief executive officer now directly owns 8,277 shares of the company’s stock, valued at approximately $1,453,523.97. The disclosure for this sale can be found here. Corporate insiders own 0.12% of the company’s stock.

A number of hedge funds have recently bought and sold shares of PEP. Norges Bank purchased a new stake in PepsiCo during the fourth quarter valued at about $2,180,925,000. BlackRock Inc. boosted its position in shares of PepsiCo by 5.5% in the fourth quarter. BlackRock Inc. now owns 105,501,759 shares of the company’s stock worth $18,326,710,000 after buying an additional 5,454,097 shares during the period. Royal Bank of Canada boosted its position in shares of PepsiCo by 56.6% in the first quarter. Royal Bank of Canada now owns 14,810,738 shares of the company’s stock worth $2,479,022,000 after buying an additional 5,352,721 shares during the period. Vanguard Group Inc. boosted its position in shares of PepsiCo by 1.6% in the first quarter. Vanguard Group Inc. now owns 124,592,570 shares of the company’s stock worth $20,854,304,000 after buying an additional 1,991,968 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its position in shares of PepsiCo by 24.8% in the third quarter. UBS Asset Management Americas Inc. now owns 9,226,501 shares of the company’s stock worth $1,387,758,000 after buying an additional 1,834,683 shares during the period. 72.12% of the stock is owned by hedge funds and other institutional investors.

PepsiCo stock opened at $170.11 on Friday. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.87 and a quick ratio of 0.68. PepsiCo has a 1-year low of $144.61 and a 1-year high of $177.62. The company has a market cap of $235.21 billion, a PE ratio of 23.27, a price-to-earnings-growth ratio of 3.20 and a beta of 0.58. The stock’s 50 day moving average price is $169.92 and its 200 day moving average price is $168.43.

PepsiCo (NASDAQ:PEPGet Rating) last posted its quarterly earnings results on Tuesday, April 26th. The company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.05. PepsiCo had a return on equity of 53.44% and a net margin of 12.57%. The firm had revenue of $16.20 billion for the quarter, compared to the consensus estimate of $15.54 billion. During the same period in the previous year, the business earned $1.21 earnings per share. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, equities research analysts anticipate that PepsiCo will post 6.64 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Friday, June 3rd will be paid a $1.15 dividend. This is a positive change from PepsiCo’s previous quarterly dividend of $1.08. This represents a $4.60 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend is Thursday, June 2nd. PepsiCo’s dividend payout ratio is presently 58.82%.

PepsiCo Company Profile (Get Rating)

PepsiCo, Inc manufactures, markets, distributes, and sells various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.

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